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Fund: 450 TIF District #5 Revenues
<br />Account Description 2014 2015 2016 2017 Description
<br />3101 Tax increment collections 1,299,181 1,457,260 1,555,982 1,555,982 Estimated collections of incremental taxes on properties
<br />1,299,181 1,457,260 1,555,982 1,555,982 in the district.
<br />3610 Investment income 4,000 4,000 4,000 3,000 Estimated interest earnings at 1.00%.
<br />4,000 4,000 4,000 3,000
<br />Fund: 430 Department: 4650 Economic Development
<br />3030 Other professional services 3,000 2,420 3,420 3,420 TIF administration and reporting fees
<br />- 1,580 1,580 1,640 5% audit fee (moved from EDA)(2017 - $32,800, 2018 - $33,400)
<br />3,000 4,000 5,000 5,060
<br />8010 Pay-as-you-go principal 1,234,223 1,364,425 1,431,290 1,478,183 Principal on a revenue note issued to promote a development. (Medtronic)
<br />1,234,223 1,364,425 1,431,290 1,478,183
<br />9900 Transfer out to EDA Fund 64,958 72,863 75,331 77,799 Transfer to cover the EDA operating budget.
<br />64,958 72,863 75,331 77,799
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